Estimation of the Efficiency of the Economic Activity of the Enterprise and Development of Measures for its Improvement

• Main Authors: Vasiuta Viktoriia, Kulaga Marina
• Format: Article
• Language: English
• Published: Mykolayiv National Agrarian University 2019-07-01
• Series: Modern Economics
• Subjects: efficiency; agrarian sector; profitability; labour productivity; profit
• Online Access: https://modecon.mnau.edu.ua/en/?smd_process_download=1&download_id=11779

Introduction. The article deals with the problem of increasing the efficiency of economic activity of the enterprise in modern economic conditions. Issues related to research on the effectiveness of enterprises, devoted to the work of many domestic and foreign economists. Purpose. Functioning of modern enterprises is associated with the problem of increasing the efficiency of their activities. This can be achieved by making sound management decisions, introducing the latest technologies and tools for ensuring the functioning of enterprises, etc. An assessment of the effectiveness of economic activity is the basis for developing measures to improve it. That is why these questions are of particular interest both for enterprise managers and for economists. This explains the relevance of this study. Results. The article deals with the concept of the efficiency of economic activity, emphasizes the peculiarities of its definition for the agrarian sector. For the estimation of the efficiency of the agrarian enterprise activity, important natural indicators are yields of agricultural crops and animal productivity. The most important task of agrarian enterprises is to increase the yield, as it will directly affect the development of the livestock sector. The level of productivity of animals depends on the yield of cereals and fodder crops. Efficiency of land use is the main means of production. This is precisely what determines the importance of increasing productivity. Conclusions. The analysis of indicators of efficiency of economic activity of the enterprise is carried out. On the basis of the obtained results, introduction of new varieties of crops is proposed, which in the future will give the opportunity to receive more income to the enterprise and in general will increase its profitability. Most high-yielding varieties and hybrids provide high-quality products, high yields. They are adapted to the climatic conditions of Ukraine, therefore, they are better than the varieties of foreign selection according to their economic and biological features, namely, resistant to culling and major diseases, have high frost and drought resistance. The economic efficiency of introducing new varieties of plant growing is calculated. The results have shown that their implementation will increase yields, increase profits and profitability, which in general will increase the efficiency of economic activity of the enterprise.